Lockheed Martin (NYSE: LMT) Space president reports RSU conversion, award

Rhea-AI Filing Summary

Lockheed Martin executive Robert M. Lightfoot Jr., President, Space, reported several equity transactions. He exercised 2,627 restricted stock units, converting them one-for-one into common stock following a three-year 2023–2025 performance cycle based on financial metrics.

He also received a separate grant of 2,059 shares of common stock as an award. To cover tax withholding upon vesting and settlement of stock units, 2,080 shares of common stock were disposed back to Lockheed Martin at 658.2600 per share. After these direct transactions, he held 4,606 shares of common stock directly.

In addition, he reported 230.4515 shares held indirectly through the Lockheed Martin Salaried Savings Plan, which includes additional acquisitions and dividend reinvestments under the company’s 401(k) plan.

Insider Trade Summary

2,627 shares exercised/converted

Mixed 5 txns

Insider Lightfoot Robert M JR

Role President Space

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,627	$0.00	--
Exercise	Common Stock	2,627	$0.00	--
Grant/Award	Common Stock	2,059	$0.00	--
Tax Withholding	Common Stock	2,080	$658.26	$1.37M
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 4,627 shares (Direct); Common Stock — 230.452 shares (Indirect, Lockheed Martin Salaried Savings Plan)

Footnotes (1)

1. Restricted stock units convert to common stock on a one-for-one basis. Shares acquired upon settlement of performance stock units granted on February 22, 2023, following the end of a three-year performance period 2023-2025 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics. Disposition to the Issuer of shares to satisfy the Reporting Person's tax withholding obligation upon vesting and settlement of stock units which is exempt under Rule 16b-3. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan. On February 22, 2023, the reporting person was granted 2,627 restricted stock units that vested on the third anniversary of the grant date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lightfoot Robert M JR

(Last) (First) (Middle)

6801 ROCKLEDGE DRIVE

(Street)

BETHESDA MD 20817

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LOCKHEED MARTIN CORP [ LMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President Space

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/22/2026		M		2,627	A	$0(1)	4,627	D
Common Stock	02/22/2026		A		2,059(2)	A	$0(2)	6,686	D
Common Stock	02/22/2026		F		2,080(3)	D	$658.26	4,606	D
Common Stock								230.4515(4)	I	Lockheed Martin Salaried Savings Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/22/2026		M			2,627	(5)	02/22/2026	Common Stock	2,627	$0.0000	0.0000	D

Explanation of Responses:

1. Restricted stock units convert to common stock on a one-for-one basis.

2. Shares acquired upon settlement of performance stock units granted on February 22, 2023, following the end of a three-year performance period 2023-2025 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.

3. Disposition to the Issuer of shares to satisfy the Reporting Person's tax withholding obligation upon vesting and settlement of stock units which is exempt under Rule 16b-3.

4. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.

5. On February 22, 2023, the reporting person was granted 2,627 restricted stock units that vested on the third anniversary of the grant date.

Remarks:

Exhibits 24, Power of Attorney and Substitute Power of Attorney

	Robert M. Lightfoot, Jr., by Lynda M. Noggle, Attorney-in-fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did LMT executive Robert Lightfoot report on this Form 4?

Robert M. Lightfoot Jr. reported exercising 2,627 restricted stock units into common stock, receiving an additional 2,059-share stock award, and disposing of 2,080 shares back to Lockheed Martin to satisfy tax withholding obligations tied to vesting and settlement of stock units.

How many Lockheed Martin (LMT) shares did Robert Lightfoot hold after these transactions?

After the reported transactions, Robert Lightfoot held 4,606 shares of Lockheed Martin common stock directly. He also reported an additional 230.4515 shares held indirectly through the Lockheed Martin Salaried Savings Plan, reflecting plan acquisitions and dividend reinvestment activity as of the transaction date.

What was the nature of the 2,627 restricted stock units in the LMT Form 4 filing?

The 2,627 restricted stock units converted to Lockheed Martin common stock on a one-for-one basis. They were granted on February 22, 2023, and vested on the third anniversary after a three-year 2023–2025 performance cycle tied to three separate financial performance metrics.

Why did Robert Lightfoot dispose of 2,080 Lockheed Martin (LMT) shares?

The 2,080-share disposition was to satisfy tax withholding obligations upon vesting and settlement of stock units. These shares were delivered back to Lockheed Martin at a price of 658.2600 per share, and the transaction is described as exempt under Rule 16b-3.

What additional stock award did Robert Lightfoot receive from Lockheed Martin (LMT)?

Besides the RSU conversion, Robert Lightfoot received a grant of 2,059 shares of Lockheed Martin common stock. This is classified as a grant, award, or other acquisition, increasing his direct ownership position in the company’s common stock after the transaction date.

How are Lockheed Martin (LMT) 401(k) plan holdings reflected in Robert Lightfoot’s Form 4?

The Form 4 shows 230.4515 shares held indirectly through the Lockheed Martin Salaried Savings Plan. Footnotes explain these plan holdings include additional acquisitions and dividend reinvestment activity under the company’s 401(k) plan as of the reportable transaction date.